Ion Bank mortgage approval rate & lending review
Ion Bank decided 719 mortgage applications and funded 586 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Ion Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Ion Bank at a glance
Approval is 9.3 points above the 72.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 96% | 205 / 213 | 100% | $305K | 204 |
| Home improvement loans | 70% | 196 / 279 | 99% | $65K | 195 |
| Cash-out refinance | 86% | 132 / 154 | 98% | $105K | 130 |
| Investment property purchase | 89% | 24 / 27 | 100% | $295K | 24 |
Ion Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Connecticut | 85% | $105K | 613 | 516 |
| New Jersey | 68% | $155K | 106 | 70 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Ion Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Naugatuck Valley Planning Region, CT | Home improvement loans | 70% | 159 | 112 |
| Naugatuck Valley Planning Region, CT | Mortgage lenders | 96% | 76 | 72 |
| Naugatuck Valley Planning Region, CT | Cash-out refinance | 88% | 77 | 68 |
| Capitol Planning Region, CT | Mortgage lenders | 99% | 68 | 67 |
| South Central Connecticut Planning Region, CT | Home improvement loans | 78% | 37 | 28 |
| South Central Connecticut Planning Region, CT | Mortgage lenders | 89% | 28 | 25 |
| Capitol Planning Region, CT | Home improvement loans | 88% | 24 | 21 |
The county markets where Ion Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Ion Bank
What is Ion Bank's mortgage approval rate?
Ion Bank approved 82.1% of the 719 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 9.3 points above the 72.7% national rate for the same mix of loan types.
How often do borrowers take the loan Ion Bank offers?
Borrowers accepted 99% of the loans Ion Bank approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Ion Bank make?
The typical home improvement loan loan Ion Bank made was $65K; across all loan types its typical loan ran from $65K to $305K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Ion Bank lend?
Ion Bank decided applications in 2 of the states Fat Boy Data covers, most of them in Connecticut and New Jersey.
Can I apply to Ion Bank directly?
Yes. Ion Bank is a bank or credit union with 36 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Ion Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Ion Bank treats applications, then get a rate quote from the lender.